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Kearny Financial's Latest Buyback Could Boost Share Price

Oct. 03, 2021 9:59 AM ETKearny Financial Corp. (KRNY) Stock2 Comments
Crunching Numbers profile picture
Crunching Numbers


  • Kearny Financial recently announced a new share buyback.
  • It's the fifth one since the bank converted to a stock holding company form of ownership six years ago.
  • Despite a significant decrease in shares outstanding, the stock price has yet to move significantly higher.

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As a rule, I'm not in favor of share buybacks. However, rules are made to be broken, and Kearny Financial Corporation (NASDAQ:KRNY) is one such exception.


In May of 2015 Kearny announced that it had

This article was written by

Crunching Numbers profile picture
As of May 13, 2022, ranked #95 out of 10,688 Bloggers (top 1%) by TipRanks and #392 out of 18,543 (top 2%) overall experts by TipRanks.com.https://www.tipranks.com/bloggers/crunching-numbersFocus is mostly on Sirius XM Holdings and income investing,  I have 30 years (through 2000) experience working for basic manufacturing and high tech industries in both the US and Europe. Company sizes ranged from start-ups to Fortune top 10. Experience as manager and/or grunt in fields of financial analysis, revenue forecasting, business planning, budgeting, pricing analysis, compensation planning, contracts, marketing and product management. Have been investing in stocks nearly 50 years, options for 30 years and on and off in real estate since 1981. Laid off when the dot-com bubble burst, and began investing full time.BS in engineering from Boston U, MBA in finance from Rutgers.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of KRNY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (2)

Richard J. Parsons profile picture
@Crunching Numbers Interesting. Thx for CS buyback reference. 10% share buyback big. Does your math suggest buybacks make more sense when the company doing the buybacks has a history of delivering returns below or above cost of capital? (KRNY has long history of failing to earn cost of capital.)
Crunching Numbers profile picture
@Richard J. Parsons -

You're welcome and thanks for the comment and question.

Considering your extensive background in the field, I'm guessing that I should be more concerned. That said, I tend not to focus as much on earnings as I do on cash flow and cash flow growth. I've been looking at that, and it looks to me that they have enough to continue funding of buybacks and growing the dividend. What do I have wrong?
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